Best Undervalued Large-Cap Stocks According To Hedge Funds


In the face of fast inflation, soaring oil prices, and global insecurity, economists have lowered their growth projections for 2022. For the first time in years, the employment market in the United States is adding hundreds of thousands of jobs per month. Consumer spending is showing no signs of decreasing, and corporations are investing at an all-time high. Hedge funds recommend Morgan Stanley, Intel Corporation, and U.S. Bancorp as some of the finest undervalued large-cap stocks to buy, according to hedge funds.

Insider Monkey picked the 10 best undervalued large-cap stocks according to hedge funds. Hologic, Inc. manufactures and distributes medical devices. In early February, the corporation reported earnings for the fourth quarter of 2021 above market forecasts. Analysts predicted that the healthcare behemoth’s earnings would be approximately $3.73 this year. For the previous three years, the company has continuously paid an increasing dividend to shareholders. In the fourth quarter of 2021, the company outperformed market expectations in terms of oil output. Diamondback Energy, Inc. was upgraded by Scotiabank to Outperform from Sector Perform. Chubb Limited is an insurance company established in Switzerland. It is one of the equities that has suffered the most as a result of Russia’s invasion of Ukraine. According to S&P Global, the specialty insurance industry is anticipated to lose roughly $35 billion as a result of the invasion. The company stated that it has reached an agreement with Prisma Health to purchase certain assets from the latter’s outreach laboratory business. The deals should be completed in the second half of 2022. The stock of Laboratory Corporation of America Holdings has a Buy rating from Citi. Royal Dutch Shell Plc is a petrochemical and energy company. The business stated on March 29 that production at PowerNap, a subsea tieback development in the Gulf of Mexico, has begun. The reserves were discovered in 2014, and they are part of a growing trend of offshore development. For more details, click 10 Best Undervalued Large-Cap Stocks According To Hedge Funds.